Here’s How to Boost up Businesses in Times of Evolving Tech

The performance-conducive transparency and actual visibility of the team ensure great team performances. Pixabay

Focusing on the science behind what makes some start-ups thrive and others fail, Australian researchers have unveiled a new lab that will use cutting edge neuroscience to advise how businesses can thrive in a world of constant technological change.

The “Future Minds Lab”, launched at the University of New South Wales (UNSW) Sydney this week, will include a team of 20 scientists, designers and psychologists to study the fundamental brain science and psychology behind innovation.

The team will work with industry partners to produce products and services to improve the way institutions and businesses approach different forms of innovation.

“Using fundamental research and development, our team is creating products and programmes to ensure workplaces and businesses are more resilient and better equipped to adapt to constant technological change,” Joel Pearson, Professor at the varsity, said in a statement.

The lab, a 300-square metre custom built centre with virtual reality rooms, testing stations, brain stimulation devices, neuroimaging tech and research offices, will be used to develop products such as customised cognitive tests for start-ups and psychological interventions and online education programmes.

“Using technology such as gamified objective tests and mobile brain measurement, we will be able to develop tests that measure traits and abilities like creativity, resilience…” the Professor said.

The lab will develop science-backed hiring apps and tools that can measure diverse traits and abilities. These tools will leverage the latest Machine Learning (ML) algorithms to assess job candidates’ fit for specific roles and organisations.

“Workshops will be delivered to start-up founders that aim to increase their resilience and stress management techniques, decrease burnout, and help founders enhance their mental fitness,” Pearson noted. (IANS)

“Our focus will be on harnessing, modelling and scaling a new model for workforce development in the US, where the private sector has a key role to implement it (model) or learning and on-the-job training,” said company’s president Ravi Kumar.

The centre boasts of living labs, showcasing prototypes in virtual reality, augmented reality and robotic technologies and will help foster co-creation, training and collaboration.

Lauding Infosys for foraying into the state, Ducey said its presence reinforced Arizona’s reputation as a tech hub and one of the best places to relocate and expand.

The centre will allow the company to develop cross-functional solutions to pressing business challenges in machine learning, artificial intelligence, user experience and advanced digital technologies, such as big data and cloud.

“We will hire 1,000 American techies over four years to work at the centre in the southwestern state for the local enterprises,” said the city-based IT behemoth in a statement, here on Saturday. Pixabay

As part of its commitment to workforce development and bridging the STEM (Science, Technology, Engineering and Mathematics) skill gap in the US, the $11 billion outsourcing firm also announced a partnership with InStride to allow its employees complete degree programmes and education courses through ASU.

“Infosys’ commitment to Arizona and learning speaks of the strength of talent in our community. We welcome it as a partner that will boost our competitiveness in the global economy,” said ASU president Michael Crow. (IANS)